GameStop lays off staff and fires CFO, continues banking on blockchain

US videogame retailer GameStop has fired Mike Recupero, its main financial officer, and started laying off an unspecified variety of team. In an inner memo leaked to Reddit (opens in new tab), CEO Matt Furlong wrote, “Improve will be a continual as we evolve our commerce business enterprise and start new products and solutions via our blockchain group.”

The company’s pivot to blockchain started previously this calendar year, when GameStop introduced it was launching an NFT marketplace and then released its possess crypto wallet. Furlong’s memo goes on to say, “These improvements will help us to work in a lucrative way as we execute towards our technique of pursuing income progress in our commerce small business and launching new products and solutions that empower prospects within just the digital asset and world wide web3 gaming verticals.”